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A share through Northbound Trading Link
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Hong Kong Stocks
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| Eligible securities to be included | Shanghai-Hong Kong Stock Connect ✓ Constituent stocks from SSE 180 Index ✓ Constituent stocks from SSE 380 Index ✓ A Shares listed on SSE which have corresponding H Shares traded on SEHK Shenzhen-Hong Kong Stock Connect ✓ Constituent stocks from SZSE Component & SZSE Small/Mid Cap Innovation Indexes with a market capitalisation of at least RMB6 billion ✓ A Shares listed on SZSE which have corresponding H Shares traded on SEHK |
✓ All stocks listed on SEHK ✓ All structured products including the derivatives warrants and callable bull/bear contracts listed on SEHK |
| Not eligible for trading | X Any shares which are not traded in RMB X Initial public offering X Any shares which are included in the “risk alert board” or under delisting arrangement2 (Buy trades are prohibited, only sell trades are allowed) X ChiNext Board of SZSE which is limited to Institutional professional investors~ |
Not applicable |
| Investment quota | Daily quota: RMB13 billion3 for each A Shares market | No limit |
| Board lot size | 100 shares in buying order (Buy orders must be in board lot, odd lot trading is only available for sell orders)4 | Depends on the stocks |
| Maximum order size | 1 million shares | 3,000 board lots per transaction |
| Price limit | A general price limit of +/-10%5 based on previous closing price (All orders input must be at or within the price limit, otherwise, it will be rejected by SSE/SZSE) |
No limit |
| Ticket size | Uniformly set at RMB0.01 | Ranging from HKD0.001 to HKD5, depending on the stock price |
| Order types | Only allow limit order | Allow enhanced limit order/CAS at-auction limit order, stop-loss order, market order and morning at-auction limit order |
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Shanghai/Shenzhen A Shares Market
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Hong Kong Stock Market
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| Settlement currency | RMB | HKD, RMB, & USD | ||
| Trading hours | Trading session | Trading hours | Trading session | Trading hours |
| Opening call auction | 09:15 – 09:25# | Morning auction session | 09:00 – 09:20 | |
| Continuous auction (Morning) |
09:30 – 11:30 | Continuous trading (Morning) |
09:30 – 12:00 | |
| Continuous auction (Afternoon) |
13:00 – 14:57 | Continuous trading (Afternoon) |
13:00 – 16:00 | |
| Closing call auction | 14:57 – 15:00# | Closing auction session | 16:00 – 16:10^ | |
| Clearing and settlement cycle | Securities settlement: Trade day Cash settlement: Trade day + 1 day |
Securities and cash settlement: Trade day + 2 days | ||
Standard Chartered clients enjoy:
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| Other market practices |
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Individual investors are prohibited from naked short selling | ||
| Trading days | Under Northbound Trading Link, investors are allowed to trade A Shares only when:
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All SEHK trading days | ||
~ Institutional professional investors as defined in the relevant Hong Kong rules and regulations.
# SSE/SZSE will not accept order cancellation during 9:20 – 9:25 and 14:57 – 15:00.
^ Market closes randomly within 16:08 – 16:10.
~ Institutional professional investors as defined in the relevant Hong Kong rules and regulations
The above information is sourced from the prevailing information provided by HKEx, and may be subject to amendment as the implementation of China Connect and issuance of the relevant regulations and rules progresses.
This webpage does not constitute any offer, invitation or recommendation to any person to enter into any transaction described therein or any similar transaction, nor does it constitute any prediction of likely future price movements. Investor(s) should not make investment decisions based on this webpage alone.This webpage has not been reviewed by the Securities and Futures Commission or any regulatory authority in Hong Kong.
